Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. The town of Granby is hereby authorized and directed to record a grant from the United States Department of Agriculture in the amount of $96,000 as revenue in the sewer enterprise fund, and further, to reduce betterments assessed on 48 parcels on August 25, 1992 by the sum of $2,000 each; provided, however, that if such betterment assessed against any parcel has been paid in full, the town shall refund said $2,000 to the assessed owner of the parcel on the effective date of this act without interest, or if such betterment is being apportioned as provided by law, that the assessors shall recompute the annual installments due in fiscal year 1999 and later years to reflect said $2,000 reduction.

SECTION 2. This act shall take effect upon its passage.